Exxon Mobil Co. (NYSE:XOM) Shares Bought by Constitution Capital LLC

Constitution Capital LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 187.9% during the first quarter, Holdings Channel.com reports. The fund owned 9,500 shares of the oil and gas company’s stock after purchasing an additional 6,200 shares during the period. Exxon Mobil accounts for about 0.6% of Constitution Capital LLC’s holdings, making the stock its 23rd biggest holding. Constitution Capital LLC’s holdings in Exxon Mobil were worth $1,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC grew its position in Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after buying an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after buying an additional 11,216,602 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after acquiring an additional 4,084,458 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Trading Up 0.0 %

Shares of NYSE XOM opened at $114.40 on Thursday. The stock has a market cap of $451.08 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 4.11 and a beta of 0.92. The business has a 50 day simple moving average of $115.50 and a 200 day simple moving average of $109.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.83 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.